FintechDaily – Page 149 – Fresh Dose of Fintech News

FinCEN Alerts Banks to the Dangers of Deepfake Technology

The US Treasury Department’s Financial Crimes Enforcement Network (FinCEN) has issued an alert to assist banks in identifying GenAI-generated deepfake scams. FinCEN reports an increase...

Eviden and Ordo Launch Pilot for Open Banking Bill Payment Platform

Atos Group's unit Eviden is collaborating with fintech company Ordo and blockchain firm ByzGen to pilot an innovative bill payment service based on open banking...

Swish Introduces Tap-to-Pay Feature for 8.6 Million Mobile Users

Sweden's popular payments app, Swish, is introducing payment cards to its mobile service, allowing users to Tap-to-Pay with their phones at stores both in Sweden...

Citi Being Investigated by US Federal Agencies for Connections to Russian Oligarchs – Barron’s

Citigroup is under investigation by several U.S. government agencies regarding its ties to sanctioned Russian billionaire Suleiman Abusaidovich Kerimov. According to a source cited by...

Concerns Over Fraud Affecting Small Businesses

New research from Visa reveals that over two-fifths (41%) of small to medium-sized businesses in the UK have fallen victim to fraud, with the average...

AI-Generated Digital Documents and Deepfakes: The Major Threat to Financial Services

Digital document manipulation using AI and deepfakes has emerged as the most significant threat facing the financial services industry as we approach 2025, according to...

Australian Banks Launch Pilot Program for Fraud Intelligence Sharing Network

Australia's leading banks are testing a new fraud and scams intelligence-sharing network utilizing behavioral and device-based technology from security vendor BioCatch. ANZ, Commonwealth Bank of...

Finastra Looks into Data Breach, Emphasizes Communication with Customers

Finastra, a fintech firm serving over 8,000 financial institutions, has provided additional details on its investigation following a recent data breach. The breach involved the...

AI Adoption in the UK Financial Services Sector Expands, Yet Comprehension Falls Behind

Three quarters of financial services firms in the UK are currently utilizing artificial intelligence, yet nearly half of these organizations report having only a "partial...

AI – Connect with Finextra in London Next Week!

Join us in London on 26 November to explore the current challenges, opportunities, and future of AI in financial services. Finextra’s inaugural NextGen: AI event...